TEE International Limited Accorded the Asia Pacific Entrepreneurship Awards 2019

SINGAPORE, July 24, 2019 /PRNewswire/ -- The 11^th chapter of the Asia Pacific Entrepreneurship Awards (APEA) 2019 Singapore was successfully concluded at Singapore Marriott Tang Plaza Hotel on 12 July 2019. Organised by Enterprise Asia, the leading non-governmental organisation for entrepreneurship in Asia, APEA is a regional awards programme which aims to recognise Asia's outstanding entrepreneurs and enterprises for demonstrating sustainable growth, responsible leadership and operational excellence.

Mr Eric Phua (2nd from right) and Mr Sim Geok Soon (2nd from left) of TEE International receiving the APEA 2019 Singapore Corporate Excellence Award on behalf of the Company.

With the theme of 'Promoting Inclusive Economic Development Through Sustainable Entrepreneurship', over 300 attendees were present at the by-invitation only event, comprising of industry leaders and dignitaries.

Amongst the list of winners was TEE International Limited, which received the award under the Corporate Excellence category for Construction industry.

Building Aspirations

With a vision to be among the best and preferred choice in the industry, TEE International stands firm on delivering the best quality and value-added services to its clients. Its engineering business was founded in 1991 by Mr Phua Chian Kin, and backed by a group of like-minded engineers including his younger brother, Mr Eric Phua. From offering engineering solutions as a small sub-contractor, TEE International today has grown to become a leading engineering group with business interests in real estate and infrastructure spanning across seven countries in Asia-Pacific.

The Company began with providing general electrical engineering services as a sub-contractor. While going through the construction boom in the 90s, the Company pushed its boundaries and consequently expand its scope of services to include integrated M&E engineering services and general building works. Not only did the Company's services expanded, the operations team also grew at a rapid pace to support the increased project load.

As the engineering business began to shape and grew into a sizable entity, equities of TEE International went public in 2001, and today, remains listed on the Main Board of the Singapore Exchange (SGX). Its constant pursuit for engineering excellence has gained traction with repeat and reputable clients, as well as completing several high profile and prestigious large-scale projects that are each worth over S$100 million including M&E engineering works for Singapore's first integrated resort, Marina Bay Sands, Asia Square Tower 1, and more recently, Marina One Development to name a few. The Company is also very active in the Asset Enhancement Initiative (AEI) space where it has secured projects to carry out works for transport infrastructure, commercial buildings, institutions of higher learning, buildings under conservation and more. With a number of successes in delivering large-scale engineering projects in its record, TEE International is regarded as one of the key market players in the engineering industry.

TEE International continued to expand with its guiding philosophy centering on acquisitions and projects that are synergistic or to complement its core engineering business. The Company diversified into the Real Estate business developing mostly boutique residential developments and investing in income generating assets in Singapore and the region. TEE Land Limited, the real estate arm of the Company, was subsequently listed on the Main Board of SGX in 2013. TEE International also forayed into the infrastructure business and is focused on businesses in environmental, water and power. With the acquisition of TEE Environmental, the Company is now one of the largest industrial and commercial waste management companies in Singapore.

Building Sustainable Values

Sustainability is integral to TEE International's business philosophy. The Company places great importance on sustainability by adopting best practices throughout the organisation. Whether it is in project management, financial management or human resource, the Company strives for long term value that can be retained and replicated throughout the organisation.

TEE International cares deeply about serving and giving back to the community and seeks to be a model corporate citizen. Corporate Social Responsibility (CSR) is an integral part of the company's core values. It strongly advocates employee volunteerism and supports employees in their charitable endeavour. As part of its social outreach programme, the CSR Committee plans and organises events and activities as part of the community services for charity bodies.

Human capital is one of TEE International's greatest assets. The success of the Company is built upon a cohesive work environment and a culture that is committed to developing human capital. The essence of delivering its projects boils down to strong leadership and teamwork. Every role is vital when executing a project and leaders in TEE International spares no effort inculcating a hands-on approach to lead, to build a unified culture, and to continually identify new talents to develop. Strong leadership at all levels create a sense of shared responsibility throughout the organisation.

Building for the Future

TEE International's success and growth story is a testament of acquiring the right leadership and group of dedicated staff and management team. It remains focused on long-term commitments and initiatives to grow its young employees and middle management for career progression. As a testament to TEE International's efforts to raise the bar for its performance standards, the Company was awarded "Regional Award of the Year 2017" from BEI Asia Awards. The Company also garnered an award in 2018 Singapore Corporate Award for public listed companies in SGX.

After nearly three decades of operating in Singapore and the region, TEE International continues to maintain its competitiveness by ensuring that the team is future ready. Being a diversified group with a larger business network to tap on, the Company will be able to be more favourably positioned to capture future growth opportunities in the engineering, real estate and infrastructure business.

PR Newswire is the News Release Distribution Partner of APEA Singapore.

About Enterprise Asia

Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generation. For further information, visit www.enterpriseasia.org.

About Asia Pacific Entrepreneurship Awards

Launched in 2007, the Asia Pacific Entrepreneurship Awards is the region's most prestigious awards for outstanding entrepreneurship, continuous innovation and sustainable leadership. The Awards provide a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices and growth in entrepreneurship. As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation only networking powerhouse. The program has grown to encompass 14 countries and markets all over Asia. For further information, visit www.apea.asia.

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